Court battles, OPEC's market grip underscore the need for a coordinated US energy policy

This March is an emblematic month for US energy policy schizophrenia. Connecting the dots among three seemingly disparate developments, all unfolding this month, yields valuable lessons about the need for the US to develop a coordinated national energy policy.Ideally, such a policy should spur oil exploration and production, preempt any possibility of reverting to the energy crises of the 1970s and 1980s, and work out the huge antitrust problems bedeviling the energy area, as opposed to the distracting small ones.Although the current administration has made great strides toward a carefully thought-through energy policy that transcends simplistic calls for lifting the gasoline tax, new ex...

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